Power Grid Corporation of India (PGCIL) is a central PSU which was incorporated in 1989. It is a central transmission utility of India which has been consistently rated excellent by the Government of India.

India is a substantially large market for LED lighting products and, aided by government initiatives and its unique demographic advantages, the country will continue to expand at a healthy rate over the next few years, Praveer Sinha, CEO & Managing Director, Tata Power Co tells POWER TODAY in this exclusive interaction.

The country is witnessing a continuous trend of plummeting energy costs due to consistent decrease in the generation prices of renewable energy. Prices of renewables over the last few years have seen all-time lows, such as Rs 2.44 per unit of solar power and Rs 2.43 per unit of wind power in tariff-based competitive bidding.

India's power sector is in a catch-22 situation. A sound analysis of the power sector affirms that the sector is in the ICU where 78,000 MW of projects are under stress; and approximately Rs 1,200 billion worth unviable projects and PPAs are signed for a mere 7,000 MW.